You will own Anthropic whether you want to or not

Cory Johnson, Chief Market Strategist at Epistrophy Capital Research, spent the night before this interview reading Anthropic's IPO prospectus. Asked whether there is a risk in sitting the listing out, he says the choice is not really available: index funds, and the funds that measure themselves against them, will buy it regardless of price, the way SpaceX was pushed into the major indices after its own IPO. He describes a company profitable on an operating basis last quarter, and argues the addressable market is no longer bounded by the number of people alive, because most traffic on a networ